Berry Street Web Docs Financial Report 2009 | Page 30

BERRY STREET VICTORIA INC.
ABN 24 719 196 762

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
NOTE 21: EQUITY MANAGEMENT
Management controls the retained earnings of the association in order to ensure that the association can fund
its operations and continue as a going concern.
Note

2009
$

2008
$

12
4

4,791,364
(1,003,001)

4,147,509
(1,133,235)

Net Debt
Total equity (reserves + retained earnings)

3,788,363
29,019,797

3,014,274
28,817,922

Total Equity

32,808,160

31,832,196

Total borrowings
Less cash and cash equivalents

11%

Gearing Ratio

9%

NOTE 22: SUBSEQUENT EVENTS
Since the end of the financial year the association is not aware of any events that may have a bearing on the
presentation and disclosure of the financial statements as at 30 June 2009.
The financial report was authorised for issue by the Board of Directors on 6 October 2009.

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